Funko Inc (NASDAQ:FNKO) – Equities research analysts at DA Davidson issued their Q1 2020 earnings per share (EPS) estimates for shares of Funko in a report issued on Monday, March 9th. DA Davidson analyst L. Weiser anticipates that the company will earn ($0.16) per share for the quarter. DA Davidson currently has a “Neutral” rating and a $7.75 price target on the stock. DA Davidson also issued estimates for Funko’s FY2021 earnings at $0.77 EPS.
Several other equities analysts have also commented on the stock. SunTrust Banks dropped their price target on shares of Funko from $26.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered shares of Funko from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $29.00 to $9.50 in a research report on Thursday, February 6th. BidaskClub lowered shares of Funko from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Jefferies Financial Group lowered shares of Funko from a “buy” rating to a “hold” rating and dropped their price target for the stock from $27.00 to $11.00 in a research report on Thursday, February 6th. Finally, BMO Capital Markets dropped their price target on shares of Funko from $18.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, February 10th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.13.NASDAQ:FNKO opened at $5.62 on Wednesday. The firm has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $16.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.64 and a quick ratio of 1.25. The firm has a market cap of $281.67 million, a PE ratio of 15.19, a P/E/G ratio of 0.55 and a beta of 2.48. Funko has a 1-year low of $5.56 and a 1-year high of $27.89.
Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $213.55 million during the quarter, compared to analyst estimates of $213.75 million. Funko had a net margin of 1.47% and a return on equity of 13.34%. The company’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share.
A number of hedge funds have recently modified their holdings of FNKO. Massachusetts Financial Services Co. MA grew its stake in Funko by 2,990.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,281,161 shares of the company’s stock worth $26,360,000 after buying an additional 1,239,709 shares during the period. Nuveen Asset Management LLC grew its stake in Funko by 785.1% during the fourth quarter. Nuveen Asset Management LLC now owns 950,659 shares of the company’s stock worth $16,313,000 after buying an additional 843,252 shares during the period. Millennium Management LLC grew its stake in Funko by 221.3% during the third quarter. Millennium Management LLC now owns 854,917 shares of the company’s stock worth $17,589,000 after buying an additional 588,798 shares during the period. Sepio Capital LLC grew its stake in Funko by 171.2% during the fourth quarter. Sepio Capital LLC now owns 685,392 shares of the company’s stock worth $11,761,000 after buying an additional 432,654 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Funko during the fourth quarter worth approximately $6,301,000. 63.99% of the stock is owned by hedge funds and other institutional investors.
About Funko
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.